When Should I Start Focusing On My Child’s Credit?

 Worried about your kid moving away from home into their New York City apartment on their own? Speculating how you can help make it as easy as possible? Caring about your child’s health and safety is part of the job of being a parent. Credit scores affect our financial futures; therefore, it stands to reason that you can start protecting your child’s future by helping them build their credit. If you're wondering how to go about this, keep reading.

The easiest method to help build up your kid’s credit is to make them an authorized user on your credit card. This differs from conventional credit-building methods in that you don’t have to be 18 years old or have an income. In many authorized user situations, issues won’t set an age minimum because they’re not responsible for bill paying.

An authorized user allows the person (your child in this case) to prosper from your good credit history. While it doesn’t have the same power that traditional credit-building methods have, it’s certainly a great start. Bonus: you don’t even have to give them a credit card until you feel they are responsible enough to handle one.

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